The price of dollar in Mexico trades higher in the early hours of Thursday as global concerns about contagion from last week’s banking turmoil subside.
The exchange rate is listed at 18,097 pesos per dollar, according to data from the Bloomberg agency.
According to the Global Indicator of Economic Activity (IGAE) prepared by the National Institute of Statistics and Geography (Inegi), the mexican economy it started the year on the right foot and posted growth of 0.56% per month in January, its biggest increase in four months.
The data was higher than the expectation of the institute itself, which forecast a growth of 0.43% and for January an advance of 0.29% is expected.
dollar globally
Latin America’s stock and currency markets were trading in the green the day before, as global concerns about contagion from last week’s banking turmoil subside.
According to the Reuters Agency, in Mexico and Colombia attention was concentrated on the respective meetings of their central banks on Thursday, of which a moderate rise of 25 base points is expected in the reference interest rate for the two countries.
“Investors are waiting for comments from the officials of the fed and this week’s economic reports in search of clues about the future of monetary policy,” said the brokerage Acciones y Valores.
Source: Gestion
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